Big news in the blockchain world as Solana has officially surpassed the 2000 TPS mark, making a bold statement in the ongoing race for scalability! This puts Solana not just ahead of other major cryptos but also challenges traditional payment processors like credit card companies in terms of transaction speed.
What’s more, while BNB shows high TPS, its centralization is a concern. Solana’s feat is significant as it combines high throughput with decentralization, something we've been advocating for a long time.
With Ethereum priced at $3k but managing only around 62 TPS max, and Bitcoin at about 11 TPS, can we start speculating? Could we see Solana hit a $3k price point soon? What are your thoughts?
TPS has always been the plus point for Solana. The largest resistance to bull had been the speed of transaction in network. And we have seen network like Ethereum reach to halt as the popularity of an onchain game like cryptokitties in the past. They would have not handled the meme coin hype at current time.
Solana with it's higher TPS had been the choice for viral meme coins. They provide a platform to transact quick and with low fees. Theoretically they can handle 5K TPS without any issue, but we have never been there. But the 3K TPS mark would break soon. Let's see how much she can handle.